Ukcs News

 

Cairn to Sell Interests in UK Offshore Oil Fields for More Than $460M

Mar 09, 2021

London-listed Cairn has agreed to sell its interests in the UK North Sea Catcher and Kraken fields to Waldorf Production Limited for a cash consideration of US$460 million plus additional contingent consideration dependent mainly on oil prices from 2021 to the end of 2025…

NEO Energy to Take Over Zennor in $625M Deal

Mar 09, 2021

HitecVision-backed NEO Energy has agreed to acquire independent oil and gas company Zennor Petroleum from Kerogen Capital for up to $625 million, including deferred and contingent payments.The deal comes some two weeks after NEO acquired ExxonMobil's…

EnQuest Starts Shutting Down Production at Don Fields in North Sea

Mar 05, 2021

UK-based oil and gas company EnQuest has said it has started cessation of production activities on the Northern Producer floating production facility at the Don fields in the North Sea.'The process, which began on Monday 1 March, is expected to take several days to complete…

Shell's UK Chair Moves to Head Low-carbon Fuels. North Sea Oil and Gas Boss Replaced

Mar 04, 2021

Royal Dutch Shell is changing the senior leadership of its operations in Britain as part of a global overhaul to cut costs and shift away from oil and gas to renewables and power.Under the changes, which have been announced internally, country…

EnerMech Scores Eight New Contracts in UK

Mar 04, 2021

Energy industry services provider EnerMech has said it has secured eight new contracts in the first few months of 2021.The Aberdeen-based company said Thursday that contracts awarded in the last three months were a combination of new and extended…

Mitsui Invests in UK Carbon Capture and Storage Project

Mar 03, 2021

Japanese trading house Mitsui & Co Ltd said on Wednesday it would invest in the development of a carbon capture and storage (CCS) project in Britain.The Japanese company will take a 15.4% share in Storegga Geotechnologies which is developing…

JOG Selects Greater Buchan Concept. Seeks Farm-in Partner ahead of 2022 FID

Mar 03, 2021

Jersey Oil and Gas, a UK-based company working to develop the Greater Buchan Area (GBA) oil production hub in the UK North Sea, on Wednesday said that the development concept for the project was selected, paving way for the farm-out process to start…

Trelleborg Sells Offshore Oil and Gas Business in England

Mar 02, 2021

Sweden-based engineering group Trelleborg said Monday it had signed an agreement and finalized the divestment of its offshore oil and gas operation in Skelmersdale, England.'The company is part of the overall offshore operation in the Businesses Under Development reporting segment…

Prosafe's Safe Boreas Secures Work at Buzzard

Mar 01, 2021

Offshore accommodation rig owner Prosafe reports it has won a contract for one if its units in the U.K. sector of the North Sea.The Safe Boreas will provide gangway connected operations supporting the Buzzard platform complex from mid-April 2021…

EnQuest Farms Down 85% Stake in North Sea Discovery for $1

Feb 25, 2021

UK-based oil firm EnQuest has signed an agreement with Anasuria Hibiscus UK to farm-down an 85% working interest in the Eagle discovery located in the UK sector of the North Sea.Anasuria Hibiscus UK will become the operator of the discovery…

UK: Tailwind Sanctions Evelyn Development

Feb 22, 2021

UK-focused oil company Tailwind has reached a final investment decision (FID) on its Evelyn field project in the North sea, following approval by the UK oil and gas regulator OGA last week.The Evelyn field is part of the Triton Cluster. Tailwind…

DNV GL Secures 3-Year Contract with Total in UK North Sea

Feb 22, 2021

Classification society and quality assurance firm DNV GL has been awarded a three-year contract with Total in the UK to provide various services across the company's UK North Sea assets.DNV GL will provide core services such as verification…

UK: Oil Firms Required to Support Net-Zero as OGA's Revised Strategy Enters Force

Feb 12, 2021

The UK oil and gas regulator Oil and Gas Authority (OGA) said Thursday that its revised strategy that features an obligation for the oil and gas industry to support UK's net-zero target had come into force on February 11.OGA's revised strategy was laid before Parliament on December 16…

Independent Oil and Gas Names New COO

Feb 08, 2021

Independent Oil and Gas (IOG), and oil and gas company focused on the UK North Sea, has has appointed David Gibson as its new Chief Operating Officer.'David has extensive relevant North Sea engineering and project management experience over a near 30-year energy industry career…

Equinor's Gürtner Named Co-Chair of OGUK Board

Feb 05, 2021

Arne Gürtner, Senior Vice President UK & Ireland Offshore at Equinor has been named Co-chair of OGUK board. OGUK is the representative body for the UK oil and gas industry.Announcing Gürtner's appointment, OGUK said he brings with him a wealth of industry experience…

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